Mixed Fiscal 2015 Q4 for Air Products – challenging climate offset by record operating margin


Consistent with the findings this week of fellow US-based industrial gas majors Praxair and Airgas, Air Products is the latest company to report quarterly earnings affected by the challenging economic environment in the region.

Fiscal 2015 fourth quarter (Q4) sales of $2.44bn decreased 9% from the prior year on 7% unfavourable currency effects and 3% lower energy pass-through.

Volumes were unchanged as Industrial Gases – Asia growth continued and the LNG business posted another solid quarter, while Materials Technologies and Industrial Gases – Americas volumes were lower.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...